Go Back  FlyerTalk Forums > Miles&Points > Airlines and Mileage Programs > Cathay Pacific | Marco Polo Club
Reload this Page >

Best credit card conversion rate to Asiamiles (HK) - 2014 and prior

Best credit card conversion rate to Asiamiles (HK) - 2014 and prior

    Hide Wikipost
Old Jan 2, 15, 5:28 pm   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: sxc
Wiki Link
This 2014 and prior thread is now closed. Please continue discussion here: Best Credit card conversion rate to Asiamiles (HK) - 2015
Print Wikipost

Old Dec 2, 14, 3:10 am
  #2371  
 
Join Date: Aug 2012
Posts: 755
Originally Posted by IncyWincy View Post
If I only find Times Square attractive, say, M & S, what is the weekly cap?

Also, is it just 8% for M & S even if I were in a group of 5?

Thank you.
No, it is not 8%. Just 6% if you team up or 4% if you dont.

Weekly cap is 1500 if u don't team up, and 1000 if you team up (max 60RC per week, 420RC in total).

Note that you need to spend at least $9,000 over the whole promotion period, if you team up, you will be spending $1000 x 7 weeks which is only $7,000.
LchChester is offline  
Old Dec 2, 14, 6:38 am
  #2372  
 
Join Date: Dec 2002
Location: Hong Kong
Posts: 2,166
Am I right that this year's RC haul is much smaller than last year's.
I believe to max out, last year people were spending well over HK 12000?
IncyWincy is offline  
Old Dec 2, 14, 11:54 pm
  #2373  
 
Join Date: Sep 2010
Posts: 15
Promo HSBC

Hello, i am looking to join or create a group for HSBC Winter shop, can anyone PM me if interested?
furikuri is offline  
Old Dec 3, 14, 12:11 am
  #2374  
 
Join Date: Aug 2012
Posts: 755
Originally Posted by IncyWincy View Post
Am I right that this year's RC haul is much smaller than last year's.
I believe to max out, last year people were spending well over HK 12000?
To max out.. one have to play in designated merchant (only broadway and mannings this year, no times square or new town plaza) and the weekly cap is RC200, overall cap is RC1400.. which is around $17,500 spending in Mannings/Broadway.
LchChester is offline  
Old Dec 3, 14, 2:02 am
  #2375  
 
Join Date: Jun 2008
Location: DUS
Posts: 294
Originally Posted by percysmith View Post
Rehash of the Jul-Aug overseas promo

https://www.redhotoffers.hsbc.com.hk...ial-promotion/

5 extra RC/$100 overseas spending
Max 400RC ($8,000 spend) (500RC ($10,000 spend) for Premier cardholders)

So for 500 spend you get 27RC --> 405 miles --> $1.23/mile

Min $500, must have sales slip
8228 1618 to register
Will buying on Amazon Germany (shipping to Germany; I'm going Christmas), transaction in EUR, qualify? Wouldn't think it has "physical sales slip" as paying in a store, but T&Cs say "Transactions including mail, fax and telephone orders, instalment plans and casino transactions will not be eligible for this promotion." Online transactions are not explicitly mentioned.
svellmann is offline  
Old Dec 3, 14, 2:04 am
  #2376  
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Asia Miles. Not bothering to join Marco Polo.
Posts: 16,960
Must have sales slip - does Amazon DE have a physical payment outlet?

HSBC will simply not rebate that and when you protest that, ask you to fax then the sales slip to shut you up.

Last edited by percysmith; Dec 3, 14 at 2:24 am
percysmith is offline  
Old Dec 3, 14, 2:10 am
  #2377  
 
Join Date: Jun 2008
Location: DUS
Posts: 294
Thanks! I suppose they don't, so I'll hit a regular store then instead once on the ground.
svellmann is offline  
Old Dec 3, 14, 9:16 am
  #2378  
 
Join Date: Jan 2008
Location: Hong Kong
Programs: BA Silver, JGC Sapphire, OZ Diamond, AF Silver, CX GR, Marriott SL
Posts: 3,595
Originally Posted by svellmann View Post
Will buying on Amazon Germany (shipping to Germany; I'm going Christmas), transaction in EUR, qualify? Wouldn't think it has "physical sales slip" as paying in a store, but T&Cs say "Transactions including mail, fax and telephone orders, instalment plans and casino transactions will not be eligible for this promotion." Online transactions are not explicitly mentioned.

I just don't know how much I hate myself after paying my Amazon spending using the wrong credit card today it's 399 USD X.X
ChrisLi is offline  
Old Dec 3, 14, 10:42 am
  #2379  
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Asia Miles. Not bothering to join Marco Polo.
Posts: 16,960
Chrisli - can't cancel?

Have headaches with foreign currency online purchases - banks seem to hate these.
percysmith is offline  
Old Dec 3, 14, 4:01 pm
  #2380  
 
Join Date: Apr 2001
Location: HK
Programs: QF Emerald. CX Nobody
Posts: 2,841
HSBC ain't smart enough to know about offshore / onshore spending even fancy legal jargons in T&C. Last I paid in HKD for a cruise and payment processing center was in UK - I got my 6x overseas promotion points.

Anecdotal evidence suggest to me even when you reached the maximum cap of 180k or so spending for overseas 6x promotion, they still awarded 6x points (yet to confirm myself).

So I wouldn't stress too much....as percysmith points out HSBC will simply ask for physical docket to shut you up if they don't like what you are requesting, but typically you are innocent until proven guilty with HSBC>
fakecd is offline  
Old Dec 3, 14, 6:18 pm
  #2381  
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Asia Miles. Not bothering to join Marco Polo.
Posts: 16,960
Originally Posted by fakecd View Post
HSBC ain't smart enough to know about offshore / onshore spending even fancy legal jargons in T&C. Last I paid in HKD for a cruise and payment processing center was in UK - I got my 6x overseas promotion points.
That's because HSBC uses location not currency to determine whether overseas or not. Look at the reverse case: USD90 payment to Cathay Pacific HK
percysmith is offline  
Old Dec 3, 14, 6:24 pm
  #2382  
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Asia Miles. Not bothering to join Marco Polo.
Posts: 16,960
Originally Posted by percysmith View Post
So
Buy 6 weeks of $2,500 mannings
Each week: 200rc + 50rc
6 weeks: 1,200rc + 300rc (2% max)

For 7th week, can buy more Mannings/Broadway/TS/TMP $2,500 --> 200rc (1,400rc promo total)

Earn rate: $17,500 spend for 1,700 RC (25,500 miles) --> $0.686/mile.
Promo to 28 Feb 15 not 31 Jan 15 as stated earlier...if you're going for the Mannings strategy it may be worth waiting for the last 7 weeks because HSBC has some history upping the Mannings earn on the second week of January.

Last edited by percysmith; Dec 3, 14 at 9:07 pm
percysmith is offline  
Old Dec 3, 14, 6:52 pm
  #2383  
 
Join Date: Jul 2014
Posts: 121
Originally Posted by percysmith View Post
Promo to 28 Feb 15 not 31 Jan 15 as stated earlier...if you're going for the Mannings strategy it may be worth waiting for the last 7 weeks because HSBC has some history upping the Mannings earn on the second week of January.


This offer is a little confusing. Can you help confirm if I read it correct ?

* Max Cap = 1400RC for the whole period & 200RC cap per week
* I will not be teaming up so I can only earn 4% RC rebate
* In order to get the full benefit I will need to spend the following at ANY local merchant (hotel in my case)

- For 7 Weeks I will need to spend $5000 each week
- This will give me the max RC rebate of $200 per week
- 7 x $200 = $1400RC for the whole promotion

The clause that confuses me is the one that says " entitled to a max of 1400 RC including a max of $420 at local merchants"

It just means I will need to go and pay $5000 every week which is a bit troublesome
twonga is offline  
Old Dec 3, 14, 7:51 pm
  #2384  
Ambassador, Hong Kong and Macau
 
Join Date: May 2009
Location: HKG
Programs: Asia Miles. Not bothering to join Marco Polo.
Posts: 16,960
Originally Posted by twonga View Post
The clause that confuses me is the one that says " entitled to a max of 1400 RC including a max of $420 at local merchants"

It just means I will need to go and pay $5000 every week which is a bit troublesome
[I'm wrong. See Chester's post below]

Last edited by percysmith; Dec 3, 14 at 9:07 pm
percysmith is offline  
Old Dec 3, 14, 8:08 pm
  #2385  
 
Join Date: Aug 2012
Posts: 755
Originally Posted by percysmith View Post
Your calculations are correct.

Yes it means spending $5,000 for seven weeks in your case.
No, it isnt correct.

200RC cap per week/1200RC in total only applies to designated merchant (Mannings/Broadway), a much lower cap is applicable to other merchant (hotel in twonga's case

Max cap for non-designated merchant is 60RC per week, 420RC in total.

If twonga is not teaming up, weekly max spending $1,500

Btw, I am sure that there are other FTer's who would like to team up. May be you can find your teammate here.
LchChester is offline  

Thread Tools
Search this Thread
Search Engine: